Renzo Protocol announces the expansion of the REZ governance token to Solana using Wormhole.

ChainCatcher news, Renzo Protocol announces the launch of its governance token REZ on Solana to enhance its influence in the blockchain ecosystem. The REZ on Solana will maintain a 1:1 peg with the REZ on Ethereum, and this token will comply with Solana's token standards, making it compatible with the decentralized finance ecosystem of the blockchain.

REZ was initially deployed on Ethereum and will be transferred to Solana using the Wormhole framework. The Guardian network of the multi-chain protocol utilizes secure cross-chain proofs to ensure seamless token transfers between Ethereum and Solana.